TRSG.L vs. TRIS.L
TRSG.L (Invesco US Treasury Bond UCITS ETF Dist) and TRIS.L (Invesco US Treasury Bond 0-1 Year UCITS ETF Dist) are both Government Bonds funds from Invesco - TRSG.L tracks the Bloomberg US Treasury Index while TRIS.L tracks the Bloomberg US Treasury Coupons Index. Both are passively managed. Over the past 5 years, TRSG.L returned 0.70%/yr vs 4.36%/yr for TRIS.L. Their correlation of 0.81 suggests significant overlap in exposure. Both charge a 0.06% expense ratio.
Performance
TRSG.L vs. TRIS.L - Performance Comparison
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Returns By Period
In the year-to-date period, TRSG.L achieves a -0.08% return, which is significantly lower than TRIS.L's 1.60% return.
TRSG.L
- 1D
- 0.21%
- 1M
- 0.99%
- YTD
- -0.08%
- 6M
- -0.58%
- 1Y
- 4.80%
- 3Y*
- 0.25%
- 5Y*
- 0.70%
- 10Y*
- —
TRIS.L
- 1D
- 0.05%
- 1M
- 1.51%
- YTD
- 1.60%
- 6M
- 0.92%
- 1Y
- 5.22%
- 3Y*
- 2.01%
- 5Y*
- 4.36%
- 10Y*
- —
TRSG.L vs. TRIS.L - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
TRSG.L Invesco US Treasury Bond UCITS ETF Dist | -0.08% | -0.91% | 2.57% | -1.87% | -1.86% | -1.12% | 1.88% |
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 1.60% | -2.79% | 6.84% | -0.75% | 12.57% | 1.25% | -3.44% |
Correlation
The correlation between TRSG.L and TRIS.L is 0.83, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.83 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.75 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.78 |
Correlation (All Time) Calculated using the full available price history since Jan 27, 2020 | 0.81 |
The correlation between TRSG.L and TRIS.L has been stable across timeframes, ranging from 0.75 to 0.83 - a consistent structural relationship.
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Return for Risk
TRSG.L vs. TRIS.L — Risk / Return Rank
TRSG.L
TRIS.L
TRSG.L vs. TRIS.L - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Invesco US Treasury Bond UCITS ETF Dist (TRSG.L) and Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| TRSG.L | TRIS.L | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.01 | ||
| Sortino ratioReturn per unit of downside risk | +0.01 | ||
| Omega ratioGain probability vs. loss probability | 1.13 | 1.13 | 0.00 |
| Calmar ratioReturn relative to maximum drawdown | 0.87 | 1.09 | -0.22 |
| Martin ratioReturn relative to average drawdown | 2.08 | 2.75 | -0.67 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| TRSG.L | TRIS.L | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 0.75 | 0.76 | -0.01 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | 0.08 | 0.52 | -0.44 |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.07 | 0.26 | -0.18 |
Drawdowns
TRSG.L vs. TRIS.L - Drawdown Comparison
The maximum TRSG.L drawdown since its inception was -23.68%, which is greater than TRIS.L's maximum drawdown of -18.99%. Use the drawdown chart below to compare losses from any high point for TRSG.L and TRIS.L.
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Drawdown Indicators
| TRSG.L | TRIS.L | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -23.68% | -18.99% | -4.69% |
Max Drawdown (1Y)Largest decline over 1 year | -5.24% | -4.49% | -0.75% |
Max Drawdown (3Y)Largest decline over 3 years | -8.17% | -9.71% | +1.54% |
Max Drawdown (5Y)Largest decline over 5 years | -16.12% | -15.37% | -0.75% |
Current DrawdownCurrent decline from peak | -18.65% | -5.66% | -12.99% |
Average DrawdownAverage peak-to-trough decline | -15.47% | -9.81% | -5.66% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.18% | 1.78% | +0.40% |
Volatility
TRSG.L vs. TRIS.L - Volatility Comparison
The current volatility for Invesco US Treasury Bond UCITS ETF Dist (TRSG.L) is 1.47%, while Invesco US Treasury Bond 0-1 Year UCITS ETF Dist (TRIS.L) has a volatility of 2.02%. This indicates that TRSG.L experiences smaller price fluctuations and is considered to be less risky than TRIS.L based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TRSG.L | TRIS.L | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 1.47% | 2.02% | -0.55% |
Volatility (6M)Calculated over the trailing 6-month period | 4.45% | 4.71% | -0.26% |
Volatility (1Y)Calculated over the trailing 1-year period | 6.05% | 6.45% | -0.40% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 8.71% | 8.34% | +0.37% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 9.42% | 8.80% | +0.62% |
TRSG.L vs. TRIS.L - Expense Ratio Comparison
Both TRSG.L and TRIS.L have an expense ratio of 0.06%, making them cost-effective options compared to the broader market, where average expense ratios typically range from 0.3% to 0.9%.
Dividends
TRSG.L vs. TRIS.L - Dividend Comparison
TRSG.L's dividend yield for the trailing twelve months is around 4.24%, more than TRIS.L's 4.01% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|---|---|---|
TRIS.L Invesco US Treasury Bond 0-1 Year UCITS ETF Dist | 4.01% | 4.26% | 4.87% | 4.68% | 1.52% | 0.10% | 0.57% | 0.00% |
TRSG.L Invesco US Treasury Bond UCITS ETF Dist | 4.24% | 4.22% | 4.16% | 3.85% | 1.94% | 1.12% | 1.69% | 2.01% |
Frequently Asked Questions
TRSG.L and TRIS.L have a correlation of 0.83, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
Both ETFs have the same 0.06% expense ratio. The better choice depends on whether you care most about return, fees, risk, or income.
TRSG.L and TRIS.L have the same expense ratio: 0.06% per year.
TRSG.L tracks Bloomberg US Treasury Index, while TRIS.L tracks Bloomberg US Treasury Coupons Index.
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